from King World News
Gold has just broken out to the highest level since 2013 on the heels of the US attack against Iran.
Middle East: A Fleeting Impact On Markets?
January 6 (King World News) – Peter Boockvar: I don’t want to downplay the importance of the current geopolitical situation but most usually have a fleeting impact on the economy and markets. I understand the tinder box that the Middle East is but unless WTI breaks above $75, I think there will be little impact on economic activity. I say $75 not on some econometric modeling but just because that was the multi year high touched in early October 2018.